Form 4: Onto Innovation SVP Srinivas Vedula Reports Stock Transactions

Srinivas Vedula, SVP of Customer Success at Onto Innovation Inc., reports the acquisition and disposal of common stock and derivative securities related to performance stock units.

Summary

• On February 10, 2025, Srinivas Vedula, SVP of Customer Success at Onto Innovation Inc., reported transactions involving Onto Innovation Inc. common stock.
• Vedula disposed of 306 shares at $183.28 per share and 839 shares at $183.28 per share to cover tax obligations related to vesting stock units.
• Vedula also acquired 1,632 shares upon the settlement of performance stock units (PSUs) at a price of $0.0.
• These PSUs were granted on February 10, 2022, and vested on February 10, 2025, due to the satisfaction of performance criteria at 200% of the target.
• Following these transactions, Vedula directly owns 15,710 shares of Onto Innovation Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document primarily reports stock transactions by an insider, with a positive element being the vesting of PSUs due to exceeding performance targets.

Positives

• The vesting of performance stock units indicates that performance targets were exceeded, reaching 200% of the target.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• The vesting of performance stock units and subsequent stock transactions may have a minor impact on shareholders due to the change in ownership.

Key Dates

Keywords

Form 4, Srinivas Vedula, ONTO, Onto Innovation Inc., Stock Transaction, Performance Stock Units, Beneficial Ownership